Problems of insurance in the sphere of state procurement

Government procurement is a fairly large area in which multi-billion budget funds are involved. Participation in government procurement for any enterprise seems to be a good chance to increase the efficiency of its activities and get high profits. Based on this, the article defines the concept of public procurement. The nature, role and benefits of insurance in the performance of a government contract are considered. The main insurance items are presented, and the main problems of insurance in the field of procurement at the present stage of development are analyzed.